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10 May 2006

Baiduri Bank announces today the appointment of Mr Raymond Bariou as its new Senior Deputy General Manager.

Mr Bariou brings with him a wealth of experience, having worked for more than 30 years in many areas of banking. Prior to his appointment, he was Managing Director/Chief Executive Officer of MBC International Bank Ltd, the first privately-owned merchant bank in Nigeria founded by Banque Paribas of France and a group of leading Nigerian investors.

During his tenure, Mr Bariou is noted particularly for significantly increasing MBC International Bank’s profitability, bringing it to the highest level since the bank’s inception, and improving its credit rating.

Mr Bariou has held key positions with Banque Paribas and BNP Paribas in several continents and in various capacities and locations including North America, Asia-Pacific, Export Finance and Agency Desks in France, Internal Control in the UK, Head of Operations in Gabon, Head of Corporate Banking in the United Arab Emirates, Deputy General Manager in the Sultanate of Oman, Chief Representative of the Shanghai Office, Country Manager for Nigeria and Deputy General Manager in China.

Mr Bariou has also served as Counsellor of French External Trade in Nigeria, President of the French Association ‘Union des Français de l’Etranger’ in Nigeria, Director of the Franco-Nigerian Chamber of Commerce, Director of Consolidated Discounts Ltd., Director of Valucard Nigeria Ltd., Director of MBC Securities Ltd., Treasurer of the Shanghai French School and Member of the Executive Committee of the Lagos French School. He is a graduate of the Ecole Commerciale de la Chambre de Commerce et d'Industrie de Paris and holds a Masters degree in Business Administration from the Asian Institute of Management (AIM), Manila.

Mr Pierre Imhof, General Manager of Baiduri Bank, said: "I am pleased to have Raymond as a member of our senior management team.

He brings strong leadership capabilities and an in-depth understanding of corporate banking and the international capital markets to his new role. His extensive experience and commercial insights will be invaluable in our continuous efforts to grow our businesses and consolidate our market leadership position."

With the appointment of Mr Bariou, Baiduri Bank’s senior management team now comprises 8 members, namely:

  • Mr Pierre Imhof – General Manager
  • Mr Raymond Bariou – Senior Deputy General Manager
  • Mr Ti Eng Hui – Deputy General Manager, Retail Banking & Branch Network
  • Mr Andrew Young – Deputy General Manager, Operations
  • Hj Haliluddin bin Dato Hj Talib – General Manager, Baiduri Finance
  • Ms Yvonne Chan – Senior Manager, Corporate Banking
  • Ms Veronica Chong – Manager, Personnel & Finance
  • Pg Azaleen Pg Dato Hj Mustapha – Manager, Treasury
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